trucking insurance

FMCSA: Current insurance minimums for carriers ‘inadequate,’ new rule coming

The current $750,000 minimum liability insurance required to be held by carriers is too low, said the Federal Motor Carrier Safety Administration this week, and the agency plans to create a rule upping that minimum.

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House bill would increase trucking insurance minimum by millions

A bill referred to the House's transportation committee last week would raise the minimum insurance required by trucking companies from $750,000 to $4,422,000.

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Fitting insurance to the operator — trends in usage-based pricing

If you missed a feature about insurance costs I wrote for the August edition of Overdrive, it contained a brief item relative to how insurance companies determine customer risk -- and as a result of that risk determination, premium rate pricing. Canal Insurance Chief Underwriting Officer Paul Brocklebank made brief mention in the piece about the fact that the consumer auto insurance industry writ large is moving toward more frequent rate updates, utilizing GPS and other vehicle ...

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